OMAHA, Neb. (AP) — TD Ameritrade says its investors remained active in March, but made some cautious moves to prepare for a possible drop in the market.
The Omaha-based online brokerage said Monday its Investor Movement Index soared to 5.37 in March from February’s 5.14 on the six-point scale.
Ameritrade’s Steve Quirk says investors remain bullish, but in March some investors were trading their HP and Dell shares for other tech companies like Apple that haven’t soared much lately.
Quirk says investors were putting their money into dividend-paying stocks and real estate investment trusts. And options trades that limited risk were also popular.
The index is based on what TD Ameritrade Holding Corp.’s 6 million clients were buying and selling. Inactive accounts are excluded.
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Online:
TD Ameritrade investor index: www.tdameritrade.com/IMX
